NEW YORK (AP) — A former hedge fund portfolio manager accused of enabling a quarter of a billion dollars in profits through inside information is free on bail.
Mathew Martoma appeared in a New York court Monday for the first time and was released on $5 million bail after his 12-minute appearance before a federal magistrate judge.
Martoma was arrested last week on charges that between 2006 and 2008, he helped to engineer one of the largest inside trading frauds in history. Martoma worked with CR Intrinsic Investors, an affiliate of SAC Capital Advisors. SAC is owned by Steven A. Cohen, one of the world's richest men.
Martoma's lawyer, Charles Stillman, said outside court that he and his client will return to fight the case another day.
Hickok45 Has Huge Hands! Or Maybe Something Else Is Going On...
New Jersey Man Slays Child | Human Events
ICYMI: Triumph the Insult Comic Dog ends campus political correctness as we know it
Watch This Fast Food Worker Explain Why She Deserves to Be Paid More Than Paramedics
Bernie Sanders is Not a Social Democrat; He’s a Marxist
- What Is Your U.S. Income Percentile Ranking?
Ridiculously Hilarious: MSNBC's Mitchell Gets Bad Case of the Vapors Over Cruz Ad Mocking Hillary | RedState